Definitive Answers to 6 Renewable Energy Myths
Renewable energy has been plagued by some persistent rumors that just aren’t true. Here, we respond to six of the most common. 1. Renewable energy is more expensive. Has it been a while since you last looked at renewables? If so, you may still think they are more expensive than conventional sources of energy. In truth, renewables are quickly becoming one of the most plentiful and cheapest sources of electricity. In 2017, 95% of new electricity capacity added to the U.S. grid was renewable and, globally, solar photovoltaic was the fastest growing electricity source of all. Solar power is already cheaper than fossil fuels in nearly 60 developing countries . Earlier this year, IRENA reported that by 2020, wind and solar generation will be the least expensive electricity sources everywhere. The economics of renewables benefit from technology improvements, efficiencies, and increasing demand. There are also no input costs for wind or solar generation as they do not rely on fuel. By co...